Family support is critical to remaining in one’s home and in the community, but often comes at substantial costs to caregivers themselves, to their families, and to society. A new study by the AARP estimates that for the more than 40 million Americans caring for an elderly or disabled loved one, the value of their work is $450 billion a year.
On the AARP website you will find the full study (28 pages) titled, “Valuing the Invaluable: 2011 Update The Growing Contributions and Costs of Family Caregiving” in pdf form. Also provided is a Fact Sheet that presents highlights from the report, such as the value of family caregivers. The Fact Sheet includes a table with the number of caregivers and the economic value of caregiving by state. According to the study the economic value of caregiving in Wisconsin is $5,800 million.